Flat for sale in Spring Hill Court, Ventnor PO38

Investors only!
A purpose built First Floor (Ground Level Entry) Flat forming part of a popular development that offers easy access to the Town Centre, shops and amenities.
The well presented accommodation is warmed by electric night storage heaters and benefits from replacement uPVC double glazed windows Kitchen and upgraded Shower Room. From the Lounge and the Main Bedroom there are some pleasant open aspect views.
The property is currently rented out at £550 pcm and our vendor would like an investor to purchase to retain the current tenant. Viewing recommended. It comprises:-

Entrance Hall

Lounge (5.02m x 4.22m)

Bedroom One (4.22m x 3.28m)

Bedroom Two

Kitchen (3.72m x 2.03m)

Shower Room

Services

Mains, electricity, water and drainage.

Tenure

Leasehold (to be confirmed). We understand that the Flat is held on the balance of a 199 year lease from 1972 with a ground rent of £20 per annum. We understand that the current service charge is £900 per annum which includes a share of the buildings insurance and managing agents fees. We further understand that the Freehold is owned by the Residents management company of which each Flat owner has an equal share in.

Council Tax

Band B. (Can be confirmed on the Government website).